OREANDA-NEWS. October 19, 2012. Sviaz-Bank has totaled up its business performance results for nine months of 2012. According to its management accounting figures as of October 1, 2012, the Bank’s net profit had risen to 834 million rubles from year beginning, its net interest income had reached 5.2 billion rubles, and its net commission income increased to 1.2 billion rubles, reported the press-centre of Sviaz-Bank.

Earnings from the lending transactions of individuals and legal entities were the Bank’s principal source of revenue in the three quarters of this year.

The Bank’s assets went up to 258.9 billion rubles, or 40% more than they were on October 1, 2011. Its equity (capital) climbed from 35 billion rubles to 39 billion rubles over the same period, and its equity (capital) adequacy stood at 14.97% on the accounting date, above the 10% required as a minimum by the Bank of Russia.

Lending to individuals was the principal driving force behind growth in active transactions. The Bank’s loan portfolio had virtually doubled (registering a 70% growth) since January 1, 2012. The portfolio of loans made to individuals had risen by over 10 billion rubles to 24.5 billion rubles. This dynamic growth had pushed the Bank up to a leading position in the market, specifically in the mortgage and consumer credit segment.

Sviaz-Bank’s portfolio of loans given to its corporate customers and self-employed entrepreneurs had risen by 10% since the start of the year to 121.6 billion rubles. Loans to SME (small and medium enterprises) climbed up by 25% to 12.2 billion rubles. The corporate customers’ accounts with the Bank had 134.5 billion rubles in balance, or 6.1%, equivalent to 7.7 billion rubles, more than on January 1, 2012.

In 2012, the Bank has been among the lead managers of bond issue offerings totaling 24.5 billion rubles at par.